🚨BREAKING: Bitcoin just erased nearly ALL its gains in the last 5hrs.
$BTC fell -1.75% to $67.6K in less than an hour, wiping out $23.5 BILLION in market cap.
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#Bitcoin starts to trend upwards and is on its way towards the next resistance around $76-80K.
I don't think we'll pass that in one-go, but atleast we're building a monthly engulfing and, slowly, but surely, the sentiment switches.
🩸 Rejection triggered early
$DOGE spiked into kumo (cloud) resistance but got rejected hard, confirming the bearish setup that we've been talking about for a while. It’s now sitting on kijun-sen (base line) support.
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#BTC whales are active.
Clear sell walls at $74K–$75K, while strong bids sit around $70K–$71K.
Looks like whales were distributing into the pump above $73K.
Liquidity is building on both sides.
A sweep might be next.
Resistance level has been reached for #Bitcoin.
Obviously, first test, there won't be a clear breakout taking place.
Things take time and a build-up is required.
However, as the short-term trend has switched to upwards, I think it's the most vital trend switch we see since 10/10 has taken place.
🚨 WATCH THIS CHART CLOSELY
BITCOIN IS SETTING UP FOR THE SAME EXPLOSIVE STRUCTURE GOLD JUST COMPLETED.
And if this pattern plays out again…
$500,000 BITCOIN IS NOT CRAZY IT’S THE NEXT PHASE.
Look at what just happened with gold:
• Long painful consolidation
• Endless fake breakdowns
• Sentiment completely destroyed
• Then a violent breakout into new highs
Now look at Bitcoin.
It’s building the EXACT same structure right now.
Markets always move the same way:
- Smart money accumulates quietly
- Retail loses patience
- One last shakeout wipes out weak hands
- Then the parabolic expansion begins
Gold already completed this cycle.
Bitcoin is now sitting at the final stage of the setup.
This is the phase where:
• Bears become confident
• Bulls get exhausted
• And price looks completely dead
That’s when the real move starts.
If Bitcoin breaks out the way gold just did…
we’re not talking about $120K or $150K.
We’re talking about the kind of move that sends Bitcoin toward $500,000 faster than anyone expects.
People will laugh at this now.
They laughed at $10K.
They laughed at $100K.
They will laugh at $500K too… until the chart forces them to stop.